Parking investing means owning parking facilities, surface lots or structured garages, that generate revenue from drivers paying to park, whether hourly, daily, or via monthly contracts.
Log in to followI've owned an 88-space lot two blocks off a core business district for four years. Right now 55 spaces are on monthly contracts at $145, and the rest run transient off a kiosk. Th…
After five years running a service business, the thing that finally moved my balance sheet wasn't the business. It was solving a parking problem badly enough that I had to buy dir…
Small unattended surface lot, about 25 spaces, everything paid at a kiosk, no staff on site except a cleaner twice a week. The county clerk told me a commercial parking facility n…
I'm looking at a surface lot near a hospital, 50 striped spaces. The broker's one-pager says "85% occupancy" in big type, then further down the seller's income summary lists 22 mo…
Closed out an LP position last quarter and it worked, though not for any reason in the original deck. Deal was a 300-space structured garage in a mid-size downtown, three blocks f…
60-space surface lot, mid-size downtown, one block from a hospital employee entrance. Trailing gross is about $19,000 a month, so $228k a year, roughly 60/40 monthly contracts to…
This is the first thing I've looked at seriously in eight months of reading. Paved lot, 34 marked spaces, half a block from the employee entrance of a regional hospital. Owner is…
I keep going back and forth on this one and now I have to pick a lane. Surface lot, 64 spaces, three blocks from a hospital campus and a transit stop. Asking $940k. My underwritin…
An agent sent me a listing for a single parking space in a downtown condo garage. $38,000, HOA dues $95 a month, currently rented to someone in the building for $225 a month. The…
I manage two small apartment buildings for an owner who also holds a 190-space paved lot about four blocks off the core, near a hospital campus and a courthouse. He's been self-ma…
Six-level garage in a secondary downtown, bought into it as a minority partner in 2021. 240 spaces, the underwriting leaned on 71 monthly contracts at $145 covering fixed costs an…
Looking at two deals in the same mid-size downtown and they've forced a question I can't resolve cleanly. Deal A: 180-space surface lot, two blocks from a hospital campus. Trailin…
Small one, 22 spaces on a corner in a college town, bought it for $140k because it looked like the simplest thing I'd ever own. No roof, no plumbing, no tenants calling at 11pm. I…
Small one. Striped lot, 12 spaces, sits behind a row of five storefronts in a town of about 30,000. Seller is one of the storefront owners and he's leaving town. Current: nine spa…
I've been sitting down with owners to figure out where a service business could actually be useful, and parking keeps producing the same complaint. One owner with two garages, bot…
I'm looking at LP paperwork for a 400-space garage in a mid-size downtown, roughly $18M total capitalization. I don't own anything yet and I'm mostly here for the documents, so tr…
45-space corner surface lot, asking $1.1M, trailing NOI around $78,000, so about 7.1% on the income alone. The site was a branded gas station until 1987. Tanks were pulled, and th…
Bought a tired duplex two blocks off a strip with six bars and a music venue on it. The seller wanted out of everything at once so the package included the gravel lot next door, r…
Numbers I've been quoted on a 40-space lot doing about $8,000 a month gross. Option one, a full gate and kiosk setup, $42,000 installed plus $600 a month for the software and supp…
This is a small win and I want to be clear about the scale before anyone gets excited. I've been holding 40 acres on the edge of a growing small town for going on seven years, wai…